Mattersight (MATR) Upgraded to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Mattersight (NASDAQ:MATR) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “Mattersight Corporation, formerly known as eLoyalty Corporation, operates as an enterprise analytics service provider. The Company’s Behavioral Analytics service captures, analyzes, and creates insight from unstructured conversations, emails, employee desktop activity, and customer data. Services offered by the Company is applicable in improving call center performance, increase customer satisfaction and customer retention, reduce fraud, and streamline back office operations. Mattersight Corporation is based in Lake Forest, Illinois. “
Shares of Mattersight (NASDAQ:MATR) traded down $0.10 during trading on Wednesday, reaching $2.75. The company had a trading volume of 108,422 shares, compared to its average volume of 52,123. Mattersight has a 12 month low of $2.10 and a 12 month high of $4.05. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.35 and a quick ratio of 1.35.
Several institutional investors and hedge funds have recently made changes to their positions in MATR. Northern Trust Corp boosted its stake in shares of Mattersight by 4.2% in the 2nd quarter. Northern Trust Corp now owns 40,827 shares of the software maker’s stock valued at $104,000 after buying an additional 1,628 shares during the period. B. Riley Financial Inc. purchased a new position in shares of Mattersight in the 3rd quarter valued at about $138,000. Russell Investments Group Ltd. boosted its stake in shares of Mattersight by 93.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 813,991 shares of the software maker’s stock valued at $2,279,000 after buying an additional 392,491 shares during the period. Penn Capital Management Co. Inc. boosted its stake in shares of Mattersight by 9.4% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 1,072,141 shares of the software maker’s stock valued at $2,734,000 after buying an additional 91,811 shares during the period. Finally, Boston Partners boosted its stake in shares of Mattersight by 45.6% in the 3rd quarter. Boston Partners now owns 1,184,317 shares of the software maker’s stock valued at $3,316,000 after buying an additional 370,917 shares during the period. Institutional investors and hedge funds own 36.40% of the company’s stock.
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Mattersight Company Profile
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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